Chesapeake Financial Shares Inc. Reports Earnings Results for the Third Quarter and First Nine Months of 2015
October 19, 2015
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Chesapeake Financial Shares Inc. reported earnings results for the third quarter and first nine months of 2015. The company reported earnings for the third quarter of 2015 of $1,650,690, a 2.2% decrease from the third quarter of 2014.
For the three quarters of 2015, net income was $6,491,032 representing a 32.6% increase from the first three quarters of 2014. Fully diluted earnings per share were $1.594 as compared to $1.216 for the first three quarters of 2014.
Chesapeake Financial Shares, Inc. is a bank holding company. The Company's principal business activity consists of ownership in Chesapeake Bank (the Bank) and Chesapeake Wealth Management, Inc. (CWM). The Bank is a full-service lender and provider of deposit services to individuals and businesses. The Bank operates approximately 16 branches in the Northern Neck, Middle Peninsula, Williamsburg and Richmond. The Bank offers mortgage, commercial, and consumer loans to its customers. Its loan portfolio includes commercial loans, such as non-real estate, commercial real estate, consumer non-real estate, and residential real estate. Its securities available for sale include securities of state and political subdivisions, mortgage-backed securities, and other debt securities. CWM is an independent wealth management firm offering brokerage, trust, and estate management services.
CHESAPEAKE FINANCIAL SHARES, INC. 
